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Report Finds Healthcare Facilities Management Market Poised to Grow

The global market for healthcare facilities management is expected to reach US$796 billion by 2027 with a compounded annual growth rate—or CAGR—of 15.6%, according to a new study from market research firm Research and Markets.

The report forecasts that increased awareness about the cleanliness required to avoid spreading of diseases and the need for controlling the contamination of the environment will drive the demand for experienced healthcare facilities management. According to the study, North America will be the most lucrative market for growth due to its robust healthcare infrastructure and the development of new technologies.